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LIC IPO: This Metric Gives LIC A Market Valuation Of Rs 9.5 Lakh Crore
How do you value India’s largest insurer in the absence of data?
14 Feb 2020, 09:58 AM IST
The Modi administration’s plans to take state-run Life Insurance Corporation of India Ltd. public could propel the insurer into the league of India’s biggest companies by market valuation.The government expects to raise about Rs 70,000 crore (nearly $10 billion) by selling part of its holding in the insurer it fully controls, making it the nation’s largest IPO. And it would contribute about a third of the government’s record divestme...
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